- The Digital Chamber has appointed Cody Carbone as its new CEO, replacing founder Perianne Boring who will chair the organization’s board.
- The leadership transition comes amid a pivotal shift in U.S. government stance toward crypto, moving from defensive positioning to potential legislative progress.
- Carbone aims to prioritize the advancement of stablecoin and crypto market-structure legislation before year’s end, following the expected victory on reversing an IRS rule affecting DeFi projects.
The Digital Chamber, the oldest cryptocurrency advocacy group in the United States, is elevating Chief Policy Officer Cody Carbone to the CEO position next month. The leadership change comes as founder Perianne Boring steps down after a decade at the helm to chair the organization’s board, coinciding with a dramatic shift in Washington’s approach to digital assets under President Trump’s administration.
The timing of this transition aligns with what appears to be a turning point for cryptocurrency policy in the United States. Just weeks after a presidential summit at the White House, both chambers of Congress have demonstrated strong bipartisan support for crypto-related legislation.
“We’re no longer in a defensive stance, where we have a government that’s essentially trying to shut down the industry,” Boring explained in her interview with CoinDesk.
Carbone, who previously served as the organization’s chief policy officer, will now lead the Digital Chamber through what could be a transformative period for cryptocurrency regulation. Despite the current political momentum, he acknowledges the significant work still ahead.
“We haven’t gotten anywhere, yet,” Carbone told CoinDesk this week. “Sky-high” expectations from industry supporters mean the organization must “focus all of our efforts on meeting those expectations, getting the policies enacted that we want.”
The first legislative victory under Carbone’s leadership could be the reversal of an Internal Revenue Service rule that would have classified decentralized finance (DeFi) projects as brokerages required to track user activity for tax purposes. Using the Congressional Review Act, lawmakers have moved to roll back this Biden-era regulation, with unusually strong Democratic support in both chambers. The resolution now awaits final Senate approval before heading to President Trump’s desk.
This would represent the first pro-cryptocurrency legislation to receive presidential approval, but Carbone’s primary focus remains on two critical pieces of legislation: the regulation of stablecoins and establishing regulatory frameworks for the broader digital asset industry. He confidently predicted these would be enacted within the year.
Boring expressed confidence in her successor’s abilities, stating, “Cody really shines on that execution. So that is the immediate priority, executing all the things we’ve spent the past year or the past decade building and getting those done.”
The advocacy landscape for digital assets in Washington has become increasingly competitive. While the Digital Chamber maintains the largest membership among crypto lobbying organizations, its budget has been outpaced by the Blockchain Association in recent years. Other prominent groups operating in the space include the Crypto Council for Innovation, Coin Center, and DeFi Education Fund.
Adding to this crowded field is the newly launched by Ripple Labs National Cryptocurrency Association, backed by a substantial $50 million grant.
As for Boring’s future plans beyond her role as board chair, she indicated no immediate commitments outside the organization. “My next step is really kind of exploring additional passions that I have in the crypto space,” she said.
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